It’s that time of year again!
Dionne Wilson from Harcourts City Residential has prepared your 2010-2011 End of Financial Year Report for 280 Spencer St, Melbourne.
We hope you enjoy it and look forward to your feedback.
‘Melbourne’ Apartment Sales Statistics'
‘The Mondriane Tower’ Sales Statistics'
Building Details & Particulars
Levels 26
Zoning Capital City Zone Schedule 1 -
http://tinyurl.com/23clunr
Apartments 149
Facilities Yes: Pool and Gym
Owners Corp. Metro Body Corporate Management Services
P.O. BOX 251
Essendon North
VIC 3041
Ph: 0418 512 029
Email :
office@metroownerscorp.com.au
Council City of Melbourne
P.O Box 1603
Melbourne VIC 3001
Ph: 9658 9658
enquiries@melbourne.vic.gov.au
www.melbourne.vic.gov.au
Water City West Water
Locked Bag 350
St Albans Road
Sunshine VIC 3020
Ph: 131 691
www.citywestwater.com.au
Building Comment:
This past financial year has been quite turbulent for the Melbourne market, yet 280 Spencer Street managed to maintain values. With fewer apartments sold than the previous financial year prices managed to remain consistent. A positive sign considering recent market trends with many surrounding buildings experiencing a severe decline.
After speaking with many of the owners in the building it is evident that spirits are high and most owners are satisfied with the appreciation in value of their property.
Looking forward, The Mondriane Tower offers a unique buying opportunity in a highly sought after pocket of Melbourne. This should cushion it from too many market fluctuations for the coming financial year.
Agent Reported Sales Financial Year 2010-2011
|
Month
|
Apartment
|
Beds
|
Size
|
Balcony
|
Car
|
Price
|
|
Mar 11
|
1304
|
2
|
53m2
|
7m2
|
1
|
Withheld
|
|
Feb 11
|
1202
|
1
|
47m2
|
3m2
|
-
|
$330,000
|
|
Jan 11
|
2104
|
2
|
70m2
|
15m2
|
2
|
$510,000
|
|
Sep 10
|
1008
|
1
|
47m2
|
8m2
|
1
|
$360,000
|
|
Sep 10
|
1604
|
1
|
52m2
|
4m2
|
1
|
$360,000
|
|
Aug 10
|
1208
|
1
|
47m2
|
9m2
|
-
|
$330,000
|
|
Jul 10
|
1904
|
1
|
52m2
|
4m2
|
1
|
$365,000
|
What’s My Property Worth? http://bit.ly/qJi9SB
Buyer Profiles
Over the past 12 months the most common buyer profiles buying in the building have been
Astute Investors &
Peid-a-Terre buyers.
Use this link for a full description of these buyer profiles and others we often work with throughout the inner city -
http://tinyurl.com/289vdhm
Dionne Says Do Not Miss…….
I love the central location of The Mondriane Tower situated in the most up and coming part of the city. It boasts quick and easy access to the Football, fantastic shopping, the Docklands precinct, Crown entertainment complex and some of Melbournes best nightlife.
Being well serviced by the public transport system, with trains and trams just a short stroll away, makes this location a highly sought after pocket of the Melbourne city grid.
What our Vendors say…….
“Thank you again for all your assistance over the past few weeks. You have been able to assist us in achieving a result that we are extremely happy with. The whole process we have felt as if we were your only client and that the result was as important to you as us. Your service and professionalism has been amazing so we appreciate the assistance, again……. We could not have been happier with the process”.
Andrew – Recent Vendor
For more testimonials from past, present and potential clients from both sale & leasing please visit -
http://harcourtscityresidential.wordpress.com/testimonials/
Reported Rentals
|
Month
|
Apartment
|
Bedrooms
|
Car
|
Rent p/w
|
|
Jun 11
|
1707
|
1
|
Yes
|
UNDISCLOSED |
|
May 11
|
907
|
1
|
No
|
UNDISCLOSED |
|
Apr 11
|
2603
|
1
|
No
|
$320 |
|
Apr 11
|
1102
|
1
|
Yes
|
$430 |
|
Mar 11
|
2501
|
2
|
Yes
|
$560 |
|
Mar 11
|
707
|
1
|
No
|
$330 |
|
Mar 11
|
1901
|
2
|
Yes
|
$520 |
|
Feb 11
|
1104
|
2
|
Yes
|
$510 |
|
Feb 11
|
1703
|
2
|
Yes
|
$530 |
|
Feb 11
|
1708
|
1
|
No
|
$330 |
|
Jan 11
|
1701
|
1
|
Yes
|
$425 |
|
Jan 11
|
1103
|
1
|
Yes
|
$420 |
|
Jan 11
|
703
|
1
|
No
|
$340 |
|
Nov 10
|
1109
|
1
|
No
|
$310 |
|
Oct 10
|
1209
|
1
|
No
|
$310 |
|
Oct 10
|
1409
|
1
|
No
|
$310 |
|
Sep 10
|
1009
|
1
|
No
|
$320 |
|
Aug 10
|
711
|
1
|
No
|
UNDISCLOSED |
|
Aug 10
|
2504
|
1
|
No
|
$310 |
|
Jul 10
|
1408
|
1
|
No
|
$370 |
What’s My Property Worth? -
http://bit.ly/qJi9SB
What our Landlords say…….
“Harcourts City Residential were terrific. I had a vacant Melbourne City apartment in a prime location for three months with my previous Melbourne city agent. I then spoke to Dionne Wilson from Harcourts City Residential. As soon as speaking to Dionne, I knew her professionalism and helpfulness would ensure my apartment would be tenanted very soon. Not only did Dionne find me tenants within 10 days, Dionne was able to market my apartment at the market price (which was my asking price) and not a much lower price that my previous agent had my apartment advertised at .Thank you Dionne and Harcourts City Residential my stress is finally over.”
Antonio – Landlord
For more testimonials from past, present and potential clients from both sale & leasing please visit -
http://harcourtscityresidential.wordpress.com/testimonials/
Your ‘Mondriane Tower’ Expert Agent – Dionne Wilson
Harcourts Financial Services:
Working with all major lenders Harcourts Financial Services is your obligation-free one stop shop to finding the “best fit” loan available for you at any given time. Remember it’s not just about the cheapest loan, whilst that’s important, it’s even more important to have the right loan for what you what to achieve now and in the future as refinancing down the track can be expensive. Harcourts Financial Services professional brokers work with you to get it right the first time! Email us to have your local broker contact your today.
cityresidential@harcourts.com.au
.
Strand Conveyancing Services:
A dedicated team of professionals with many years experience make transacting in property an easy and straightforward process. Strand are in partnership with Pointon Partners Lawyers, a leading Australian commercial law firm, with specialist expertise in property law matters so no matter how complex or technical your transaction may be, they have the necessary professional expertise on hand to ensure everything runs smoothly. Email us today for more information or to have a Strand consultant call you
cityresidential@harcourts.com.au
.
Real Property Matters:
Depreciation schedules are an essential tool for investors to make sure you’re getting the maximum tax benefits from your property investment. Real Property Matters are experts in this field and have a range of innovative, market leading tools adding additional value to this important service. As a client of Harcourts you’ll receive a special rate and additional services; email us so we can ensure you get the Harcourts special rate.
cityresidential@harcourts.com.au
.
.
Helpful Links:
.
.
Foreign Investment Review Board – FIRB
Recent change in legislation has affected foreigners purchasing property in Australia. It’s important to be aware of any restrictions that may be placed on you when considering purchasing property in Australia if you’re not an Australian or New Zealand Citizen. You can seek further information from the FIRB website –
http://www.firb.gov.au/content/real_estate/real_estate.asp
.
State Revenue Office – SRO
The State Revenue Office are responsible for the calculation and collection of Stamp Duty and also govern the First Home Owners Grant FHOG among other things.
State Revenue Office Stamp Duty Calculator http://tinyurl.com/33f99jc
First Home Owners Grant – FHOG
Information –
http://tinyurl.com/3ybukne
Application –
http://tinyurl.com/36ahvjg
.
Australian Tax Office – ATO
From Capital Gains Tax to allowable deductions you’ll find lots of helpful information on the ATO website or contact your qualified accountant.
http://www.ato.gov.au/
Dionne Wilson
Harcourts City Residential
Ph: 03 9664 8100
E: cityresidential@harcourts.com.au
Web: www.cityresidential.harcourts.com.au
*Harcourts City Residential has gathered this information to provide an interesting read for apartment owners and prospective purchasers. Harcourts City Residential may not have concluded any or all of the transactions noted; rather we’ve gathered as much market information as possible on ALL transactions to be as conclusive as possible.
Information contained herein is gathered from a range of sources including but not limited to; The Age Property Results, The Herald Sun Property Results, Valuer General Information & Agents own investigations. All efforts are made to verify the accuracy of the information provided. The information is not to be relied upon or used in dealings with third parties and people should make their own investigations regarding their own property or personal circumstances. Opinions offered are just that, our opinions & observations and should not be treated as advice or fact.
If your property is exclusively listed with another agent please disregard this communication.
